Albania is the 131st largest export economy in the world. In 2016, Albania exported $2.24B and imported $4.69B, resulting in a negative trade balance of $2.45B. In 2016 the GDP of Albania was $11.9B and its GDP per capita was $11.5k.

Exports

In 2016 Albania exported $2.24B, making it the 131st largest exporter in the world. During the last five years the exports of Albania have increased at an annualized rate of 0.6%, from $2.06B in 2011 to $2.24B in 2016. The most recent exports are led by Leather Footwear which represent 13.7% of the total exports of Albania, followed by Crude Petroleum, which account for 11.2%.

Imports

In 2016 Albania imported $4.69B, making it the 129th largest importer in the world. During the last five years the imports of Albania have decreased at an annualized rate of -2.8%, from $5.12B in 2011 to $4.69B in 2016. The most recent imports are led by Refined Petroleum which represent 5.66% of the total imports of Albania, followed by Cars, which account for 4.77%.

Origins

Economic Complexity of Albania

Product Space

The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure.

Albania exports 170 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).